Exodus Wallet Hacked (Scam Wallet? You Decide.)

Exodus Wallet Hacked (Scam Wallet? You Decide.)

If you’re using Exodus wallet right now, I would strongly suggest you to move all your cryptocurrencies to other wallets such as Electron Cash to store your Bitcoin Cash.

So yesterday, I realize my Exodus wallet Bitcoin Cash was all gone and thus began my investigation in how this could all have happened. I have concluded that the culprit is Exodus Wallet and here are the information and you can decide for yourself.

So I was really puzzled in how all this could have happened because nobody except myself has access to this laptop and seed words. I never share my wallet seed words with anyone. Immediately, I checked the cold storage funds and they are all safe. Then I checked my Electron Cash wallet on the same computer and the funds are safe too. Then I login to websites where I have my Bitcoin Cash and they are all safe too. The only missing funds was from the Exodus Wallet (not Electron Cash, not MyEtherWallet, not any of the online websites with my cryptos).

I did a malware scan on my laptop and all clear. Plus, if my machine was compromised, then I would expect funds from my Electron Cash wallet or MyEtherWallet or online websites with my cryptocurrencies to be stolen too, but that’s not the case. In fact, yesterday, I deliberately open up my Electron Cash wallet and leave it on, just to see if those funds get stolen too. Nope, the funds are safe on Electron Cash despite me leaving the wallet window on for some time.

So I narrowed my investigation towards the Exodus Wallet. I remember when you first setup the Exodus Wallet, they will send you an email with your backup information so if you forgot the seed words, you can restore back the wallet. Here’s the thing, this backup email was going through the Exodus Wallet and through their email server. This means they potentially have all the backup information of all Exodus Wallet users and have access to them.

This raised my suspicion even further so I went online to see if other Exodus users have their funds stolen for no good reason too.

You be the judge. I just wanted to warn more users before they fall victim to the Exodus Wallet. If there are any further information on this incident, I will update this news article. And if you will share this with more people so they are aware of it too, that would be great.